The severe hit that the outbreak of the novel coronavirus has had o the sales of luxury cars all over the world has forced British luxury auto makers Bentley, Aston Martin and McLaren to lay off about 3,000 employees over… Read More ›
Day: June 5, 2020
UK Arm Victoria’s Secret Sent Into Administration
The fashion brand Victoria’s Secret’s UK arm has been sent into administration which has put more than 800 jobs at possible elimination. All of the 25 stores of the company in the UK have been shut since the beginning of… Read More ›
Australia adds teeth, overhauls foreign investment laws, enhances national security
On Friday, in a significant development, Australia announced the biggest revision of its foreign investment laws in nearly 50 years, which includes giving the government the power to force the sale of a business if it is deemed as a… Read More ›
Will reactivate purchase plans for Airbus A350-1000 for Sydney-London flights: Qantas
On Friday, Australia’s Qantas Airways Ltd disclosed, it will reactivate plans to order airplanes that are capable of commercial flights between Sydney and London, when it regains financial strength. “I think the business case for doing it is very strong,”… Read More ›
Capital inflows into Singapore surges midst uncertainties in Hong Kong
Analysts are witnessing a record inflow of funds from abroad being funneled into Singapore bank accounts midst growing uncertainty into Hong Kong’s status as an Asian financial center. Singapore, a fierce competitor of Hong Kong, for being Asia’s premier wealth… Read More ›
